fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

EMEA Daily: Retail Holdouts in Russia Face Repercussions in Poland; Russian Government Employees Charged in Worldwide Hacking Scheme

EMEA Daily: Retail Holdouts in Russia Face Repercussions in Poland; Russian Government Employees Charged in Worldwide Hacking Scheme
EMEA Daily: Retail Holdouts in Russia Face Repercussions in Poland; Russian Government Employees Charged in...
March 25, 2022  |  Cross-border Payments

In today’s top Europe, Middle East and Africa (EMEA) news, foreign retailers who have continued to do business in Russia following the attack on Ukraine...

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Lebanon Central Bank Chief, Nevada Man Charged in Separate Money Laundering Crimes
Lebanon Central Bank Chief, Nevada Man Charged in Separate Money Laundering Crimes
March 25, 2022  |  Cybersecurity

Lebanon’s central bank chief was charged with illicit enrichment and money laundering by Lebanese Judge Ghada Aoun, while a Nevada man pleaded guilty to laundering...

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NYC Party Planner Charged in $2.3M Bitcoin Laundering Case
NYC Party Planner Charged in $2.3M Bitcoin Laundering Case
March 25, 2022  |  Cybersecurity

Prosecutors in Manhattan have accused a former party producer of using bitcoin to launder millions in for a “rolodex of crooks” around the world. Get...

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PYMNTS Intelligence: How Digital Identity Can Reduce Money Laundering and Improve AML Compliance
PYMNTS Intelligence: How Digital Identity Can Reduce Money Laundering and Improve AML Compliance
March 25, 2022  |  Authentication

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Four Indicted by DOJ in $16M Fake Investment Ruse
Four Indicted by DOJ in $16M Fake Investment Ruse
March 24, 2022  |  Cybersecurity

Four men were indicted for allegedly engaging in a $16 million wire fraud and money laundering operation connected to their investment firm, which involved fake...

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2 Plead Guilty, 17 Charged in US Rideshare, Delivery Fraud Racket
2 Plead Guilty, 17 Charged in US Rideshare, Delivery Fraud Racket
March 24, 2022  |  Cybersecurity

Two Brazilian nationals — one residing in Lowell, Massachusetts and another in Daly City, California — pleaded guilty to conspiracy to commit wire fraud and...

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Today in B2B: Virtual Cards Help Digitize Spend Management; Fraud Detection Becomes More Prevalent in Digital Payments
Today in B2B: Virtual Cards Help Digitize Spend Management; Fraud Detection Becomes More Prevalent in...
March 23, 2022  |  B2B Payments

Today in B2B payments, spend management jumps into the digital age with virtual cards, while three out of five companies build fraud detection into their...

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59% of Companies Build Fraud Detection Into Digital Payments Processes
59% of Companies Build Fraud Detection Into Digital Payments Processes
March 23, 2022  |  B2B Payments

When making the transition to digital payments, most companies also add systems for detecting fraud to the mix. Get the Full Story Complete the form...

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